Mitsubishi Corp. (OTCMKTS:MSBHF – Get Free Report) shares gapped up before the market opened on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $29.78, but opened at $32.00. Mitsubishi shares last traded at $32.00, with a volume of 127 shares changing hands.
Mitsubishi Trading Down 1.1%
The firm has a fifty day simple moving average of $30.87 and a two-hundred day simple moving average of $31.17. The stock has a market cap of $111.09 billion, a PE ratio of 19.46 and a beta of 0.49. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $31.86 billion during the quarter, compared to analyst estimates of $26.46 billion. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%. As a group, equities analysts expect that Mitsubishi Corp. will post 2.37 earnings per share for the current fiscal year.
About Mitsubishi
Mitsubishi Corporation (OTCMKTS: MSBHF) is a Japan-based global trading and business investment company. As one of the core companies of the Mitsubishi group, it develops, operates and invests in businesses across a broad range of industries rather than focusing on a single product line.
The company’s activities include energy and power solutions, metals and mineral resources, chemicals, food and consumer products, industrial materials, mobility, urban development, and infrastructure. Mitsubishi Corporation works with business partners to import and export commodities, arrange supply chains, develop projects, and provide operating and investment support across its portfolio.
Founded in 1954, the company has expanded from a traditional Japanese trading house into an international enterprise serving customers and partners in Japan and markets worldwide.
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